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This quote from Richard Wagner is essentially saying that spending money on pursuing anger, vengeance or retaliation against someone is a waste of financial resources. Wagner seems to be advising against expending time, energy or money dwelling on negative emotions or trying to “get even” with a person.
His message implies it’s better to accept situations that cannot be changed and focus one’s funds on moving forward in a constructive manner rather than engaging in behavior aimed at the past that essentially renders the money used as wasted.